Derry, Pennsylvania Property Taxes
The median property tax rate in Derry, PA is 11.73%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $10,480 in Derry, the typical annual property tax bill reaches $1,377, surpassing the national median of $2,690. Property taxes in Derry are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Derry's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Derry or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Derry, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
11.73%
Estimate Property Tax Bill
$1,229
-$12,883
Ownwell’s Derry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Derry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Derry to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Derry, Pennsylvania
Property taxes in Derry, PA, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Derry is 1.35%, higher than both the Pennsylvania state median of 1.27% and the U.S. national median of 0.99%. Local government entities within Derry set these rates annually, and they can vary significantly across different neighborhoods. Each year, Derry estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Derry's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15627 zip code has the highest median property tax rate of 1.35%, while the same 15627 zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Derry provides valuable insights into the varying tax landscape across Westmoreland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Derry Tax Rate
11.73%
Average Westmoreland County Tax Rate
12.81%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Derry, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15627 | 11.73% | 11.73% | 11.73% | 14.38% | 14.38% |
Source: Ownwell
Property Tax Assessment Values Across Derry, Pennsylvania
In Derry, Pennsylvania, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the county authorities for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Derry, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in Derry is $10,480, with tax bills ranging from $926 at the 25th percentile to $3,113 at the 90th percentile. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Derry helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Derry Assessed Value
$10,480
Average Westmoreland County Assessed Value
$16,850
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Derry, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15627 | $4,370 | $6,860 | $10,480 | $17,600 | $25,410 |
Source: Ownwell
Property Tax Bills Across Derry, Pennsylvania
In Derry, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Derry, the median home price is $10,480, significantly lower than the national median. The tax bill can vary widely, with the 25th percentile at $926 and the 75th percentile at $2,178, indicating a range of property values and tax burdens within the area. The 90th percentile tax bill reaches up to $3,113, showing that higher-valued properties incur higher taxes. Comparatively, the highest median tax bill in Derry is $1,377, which is relatively modest. These property taxes fund essential services such as public schools, infrastructure, and emergency services, directly impacting homeowners by contributing to the community's overall quality of life. Understanding these factors helps homeowners in Derry anticipate their annual financial obligations and plan accordingly.
Average Derry Tax Bill
$1,377
Average Westmoreland County Tax Bill
$2,150
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Derry, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15627 | $591 | $926 | $1,377 | $2,178 | $3,113 |
Source: Ownwell